Tuition and scholarships

Selected participants of LEAD VIRGINIA are billed for the tuition of $6,800, which covers all program expenses, including meals, overnight accommodations and program materials. The tuition payment — or an approved alternative payment plan must be in place — by March 15, 2010. After that date, LEAD VIRGINIA reserves the right to offer your place in the class to a wait-listed candidate. Tuition is nonrefundable after April 17, 2010.

Limited financial aid is available for qualifying nonprofit, government and small-business leaders. Scholarship requests are reviewed after the admissions process has been completed and are not a factor in the consideration of an applicant’s merit. Awards are based on statement of need, the number of requests received and the amount of funds available. The maximum award is $3,400. For additional information on scholarships, contact Susan Horne, president and CEO, at (804) 644-0039.

Scholarship grant procedures

LEAD VIRGINIA has established a scholarship program to help achieve the diversity it seeks in each annual program class. LEAD VIRGINIA intends that all scholarship grants will be made pursuant to a set of established, objective, non‑discriminatory criteria. The scholarship grant procedures described below will guide all LEAD VIRGINIA determinations as to eligibility and selection criteria governing program scholarships.

Scholarship program

The LEAD VIRGINIA scholarship program provides tuition assistance to participants in the annual program. Scholarships may be granted in any amount, but are generally awarded at a maximum amount of half-tuition as determined at the discretion of LEAD VIRGINIA’s Scholarship Committee. The total number and aggregate amount of scholarships may be adjusted from time to time at the discretion of the Scholarship Committee. The Scholarship Committee may, in its discretion, designate specific amounts of available scholarship funds to be used for applicants from specific geographic regions or sectors, such as nonprofit or small business, for the purpose of achieving diversity in each annual program class. LEAD VIRGINIA encourages applicants to leverage scholarship awards by obtaining assistance from other funding sources in the applicant’s community, such as community foundations and corporate sponsors.

Selection process – Candidates for scholarships

LEAD VIRGINIA makes potential applicants aware of the scholarship program through information on the programWeb site, printed materials describing the class program, the application for potential class members and information briefings describing the class program and application process. LEAD VIRGINIA also receives recommendations of individual scholarship candidates from program alumni and others associated with or otherwise aware of the LEAD VIRGINIA program. All candidates for scholarship assistance must submit a request in writing when submitting their full class application packet.

Recipients of LEAD VIRGINIA scholarships are selected by the LEAD VIRGINIA Scholarship Committee from the pool of eligible applicants based on the eligibility and selection criteria, which may be amended from time to time by the LEAD VIRGINIA Board of Directors.

Terms and conditions under which LEAD VIRGINIA grants scholarships

The terms and conditions of the scholarships are contained in a grant letter sent to each recipient. The recipient is required to communicate his or her acceptance of the scholarship, as well as agreement to the attendant terms and conditions, by way of a written acceptance letter to LEAD VIRGINIA. The terms and conditions of each scholarship will include the amount of the scholarship, the requirement to comply with the LEAD VIRGINIA attendance policy, and the right of LEAD VIRGINIA to revoke the scholarship at any time upon a participant’s failure to satisfy the terms of the scholarship award. If, at any time, LEAD VIRGINIA deems it appropriate to terminate a scholarship, LEAD VIRGINIA will issue a written notification to the recipient of its decision to do so, and the recipient shall be entitled to an in-person meeting with a representative of LEAD VIRGINIA to request reconsideration of the decision.

Scholarship funds may be used only for tuition assistance for the LEAD VIRGINIA program and will be applied directly by LEAD VIRGINIA as a credit against the participant’s tuition otherwise due. Under no circumstances will scholarship funds be disbursed by LEAD VIRGINIA directly to a participant.

All scholarship grants shall be for a specific LEAD VIRGINIA program year. If a participant does not enroll in the designated LEAD VIRGINIA program year, the participant, if allowed to defer to a subsequent program year, must re-apply as a candidate and for a scholarship for that subsequent program year.

Amendment of procedures

These procedures may be amended, from time to time, pursuant to the vote of a majority of LEAD VIRGINIA’s Board of Directors.

Eligibility and selection criteria

1. Applicants must submit a written request for scholarship assistance when submitting their complete class application packet for the LEAD VIRGINIA program
2. Scholarship applicants must further the LEAD VIRGINIA objective of achieving geographic and or sector — such as nonprofit or small business — diversity in each annual program class
3. Applicants who are employed by LEAD VIRGINIA shall not be eligible to receive LEAD VIRGINIA scholarships
4. The amount of funds available for scholarship assistance may change from year to year

The Scholarship Committee will weigh all of the information and data submitted by each applicant. Applicants will be evaluated and selected on the basis of the quality of their responses to, and/or satisfaction of, the eligibility criteria stated above. All Scholarship Committee determinations of scholarship recipients shall be recorded in writing.

Under no circumstance will LEAD VIRGINIA or its Scholarship Committee make any selection decision on the basis of race, ethnicity, gender, religion, or other discriminatory criteria.